Squarepoint Ops LLC Decreases Holdings in Electronic Arts Inc. $EA

Squarepoint Ops LLC reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 709,656 shares of the game software company’s stock after selling 25,587 shares during the quarter. Squarepoint Ops LLC’s holdings in Electronic Arts were worth $145,508,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Nykredit A S acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $14,230,000. Amundi boosted its holdings in Electronic Arts by 39.0% in the second quarter. Amundi now owns 1,934,012 shares of the game software company’s stock valued at $396,550,000 after purchasing an additional 542,861 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Electronic Arts by 19,439.0% in the second quarter. California State Teachers Retirement System now owns 74,736,875 shares of the game software company’s stock valued at $15,324,049,000 after purchasing an additional 74,354,374 shares in the last quarter. Wedmont Private Capital increased its stake in Electronic Arts by 24.0% in the second quarter. Wedmont Private Capital now owns 3,671 shares of the game software company’s stock valued at $758,000 after purchasing an additional 711 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in Electronic Arts by 1.9% in the second quarter. HB Wealth Management LLC now owns 7,134 shares of the game software company’s stock valued at $1,463,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $209.70 on Wednesday. Electronic Arts Inc. has a 1-year low of $159.10 and a 1-year high of $210.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The stock has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The firm has a fifty day moving average price of $208.70 and a 200 day moving average price of $204.35.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The business had revenue of $1.99 billion during the quarter.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,700 shares of company stock worth $1,766,950 in the last quarter. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $206.50.

About Electronic Arts

Electronic Arts Inc is a global interactive entertainment company that develops, publishes and distributes video games and related services. Founded in 1982 and headquartered in Redwood City, California, the company creates games for consoles, personal computers and mobile devices, and offers digital experiences through online platforms and live services.

EA’s portfolio includes sports franchises such as EA Sports FC, Madden NFL and NHL, as well as entertainment and action titles including The Sims, Apex Legends, Battlefield, Need for Speed, Dragon Age and Mass Effect.